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Detroit, Michigan used to be one of the largest cities in the United States. It remains a big city but has been steadily declining in lists of cities as ranked by population. This decline has been caused by two major factors - a downturn in the local economy and a high crime rate. Both of these factors are in the process of change, a situation which could make Detroit more appealing in the years to come.

The local economy has been primarily based on auto manufacturing. While that remains a leading economic base today, changes in the industry (such as outsourcing and advanced automatic technology) have reduced the need for jobs in this market and created problems with the local economy. In an effort to rebuild the economy, Detroit is encouraging new businesses (particularly those in the emerging technology sector) to relocate to this area. There is a big push to revitalize and modernize downtown Detroit in order to appeal to these businesses and rebuild the city.

The appeal of Detroit is hindered by the nation’s perception that this is a dangerous city. Detroit has consistently ranked among the highest for crime rates across the country. Those rates have been declining over time but have remained high. City officials are quick to point out that the high crime rates are primarily related to drug crimes that don’t impact the safety of the average resident. As this perception changes, and real estate rates remain low, interest in Detroit is going up.